Or. Admin. R. 150-317-0320 - Modification of Federal Taxable Income: Dividends from Certain Subsidiaries
Current through Register Vol. 61, No. 4, April 1, 2022
Example: Corporation S is a wholly-owned subsidiary of Corporation P. Corporation P does business only in Oregon, but Corporation S has activities within and without the state and an Oregon apportionment factor of 10 percent. In 1983, S pays dividends of $10,000, all of which are included in P's federal taxable income. The allowable subtraction for P is $1,000 ($10,000 x 10 percent).
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 317.267
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